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20121205
20121213
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CNBC 5
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CNBC
Dec 5, 2012 4:00am EST
. they're expected to sleep .1%. quite a lot to get to. president obama is speaking to the business council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, that includes high tax rates for the wealthy. house republicans are meeting with small business owners today. lawmakers are divided on how much they should compromise with the white house. this is a day after the house speaker john boehner unveiled a budget proposal that included some revenue concession but he faced heavy criticism. mitch mcconnell wouldn't publicly endorse boehner's plan, while jim demint says it would destroy jobs. at the same time, the kkr co-chairman and ceo henry kravis says uncertainty is the main reason why investing isn't happening right now. he says many companies are rushing to close deals before the end of the year, concerns about whether the capital gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to g
CNBC
Dec 12, 2012 4:00am EST
house has told republicans it would include an overhaul of corporate taxes in any budget deal which it hasn't put on the table before. in an interview with abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill who recognize the economy will be better off. american families will be better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high income individuals. >> you see president obama's full interview with barbara walters friday on "20/20." boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefin
CNBC
Dec 10, 2012 4:00am EST
but say the lines of communication remain open. president obama heads to detroit to visit a daimler plant. >>> several republicans are now saying conservative lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and democrats haven't been too receptive to their idea owes entitlement reforms. for more on this, jens is still with us. we've got, what, two working weeks until the end of the year. what's your base view here as to how this plays out? >> our base case is that we will get a type of deal probably later until the year. so i don't think it will be much of a christmas holiday for the key negotiators. i would say 60% to 70% probability that we get that pancake deal. then t
CNBC
Dec 11, 2012 4:00am EST
by republican senator portman in the "wall street journal." while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >
CNBC
Dec 6, 2012 4:00am EST
obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate and conservative republicans
Search Results 0 to 4 of about 5